Do You Know Reverse Migration?

by | Sep 26, 2022 | Mexico | 1 comment

Consider Mexico for a Better Quality of Life and to Enhance Your Financial Fitness

Major news sites continue to carry immigration articles on the number of refugees and migrants from countries worldwide, including Venezuela, Cuba, Afghanistan, Ukraine, Somalia, Honduras, Nicaragua, and many others. These migrants are trying to gain access to live and work in the United States in search of a better life.

But some people may not realize, for the past decade, there has also been a measurable uptick in reverse migration from the U.S. by citizens priced out of the housing market, frustrated with sky-high costs of health care, electricity and basic goods, children enduring active shooter drills in schools, and frequent mass shootings, the polarization and incivility in government and politics, and continued threats on the American way of life. Adding to the viability of living in a foreign county is the ability of a significant number of employees to work remotely.

There is already a large influx of foreigners into Mexico. Mexican cities such as Puerto Vallarta, San Miguel de Allende, Cabo San Lucas, Lake Chapala, and Mexico City have large expat communities with people primarily from the U.S. and Canada.

Another Mexican city attracting Americans is Tijuana. Residents can commute to cross-border jobs in San Diego and surrounding communities and earn in dollars while paying their mortgage or rent in pesos.

Data published by Point2  show that Google searches for real estate-related keywords for Mexico increased nearly 60% over the past year. Based on average monthly searches on Google, the top 5 home buying destinations internationally for Americans are:

  • Mexico
  • Canada
  • Costa Rica
  • Puerto Rico
  • Belize
Stunning Mexican beaches
Stunning Mexican beaches

The top two Google searches in Mexico were for beach destinations.

It’s not surprising that Mexico is the #1 country worldwide for American expats, given such attractive destinations in the country, from stunning beaches to higher elevation colonial cities.

Plus, the cost of living is significantly less than in the US, Canada and many European countries.

An estimated 1.5 million Americans live currently in Mexico. The country has long been a popular destination for retirees. And now, remote workers are finding Mexico a desirable destination, too.

Oaxaca, Mexico
Oaxaca, Mexico

More recently, Mexico is attracting young professionals and their families who are emigrating to work in Mexico’s rapidly emerging tech scene. Easy access and flights to the US is another reason Mexico appeals to US and Canadian citizens wishing to lower their cost of living my increasing their living standard.

Mexican tourist visas are available for 180 days, which gives you ample time to familiarize yourself with the country, and permanent residency visas are relatively easy to get.

Wonderful Mexican mercados
Wonderful Mexican mercados

Mexico is developing its technology infrastructure, health care, economy and other features that guarantee a better quality of life, all while saving a significant portion of your current budget.
Plus, the Mexican culture, food, architecture, fabulous mercados, and people, all contribute to a vibrant lifestyle.

So, let the experts at LafFF create a customized POA (Plan of Action) for you. Our group of professional expats will assist you in preparing and work through the logistics to help you successfully live abroad in a shorter time than you may think.

Read more about how to live in Mexico cost-effectively. Living in Oaxaca on $1500 a month.

by: Gwen Hyatt